v, 362 pages : 24 cm

"Most scholarship on corporate governance in the last two decades has focused on the relationships between shareholders and managers or directors." "This volume turns the spotlight on the neglected role of employees. The authors analyze many of the formal and informal ways that employees are actually involved in the governance of corporations, in U.S. firms and in large corporations in Germany and Japan."--Jacket

Includes bibliographical references and index

ch. 1. Theoretical framework. pt. 1. Why capital (usually) hires labor : an assessment of proposed explanations / Gregory Dow and Louis Putterman. pt. 2. Firm-specific human capital and theories of the firm / Margaret M. Blair. pt. 3. Workers and corporate governance : the role of political culture / David Charny. pt. 4. Tailored claims and governance : the fit between employees and shareholders / Edward B. Rock and Michael L. Wachter -- ch. 2. German Codetermination. pt. 5. Codetermination : a sociopolitical model with governance externalities / Katharina Pistor. pt. 6. Codetermination and German securities markets / Mark J. Roe. pt. 7. The market value of the codetermined firm / Theodor Baums and Bernd Frick -- ch. 3. Japanese corporate governance. pt. 8. The political economy of Japanese lifetime employment / Ronald J. Gilson and Mark J. Roe. pt. 9. Employment practices and enterprise unionism in Japan / Nobuhiro Hiwatari -- ch. 4. Employee share ownership. pt. 10. Employee stock ownership in economic transitions : the case of United and the airline industry / Jeffrey N. Gordon

Legacy 2017

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